Two-Unit
For Sale
$475,000
3821 E 18TH ST, Vancouver, WA 98661
Both residences have two levels, with living areas and kitchens below and bedrooms and bathrooms upstairs.
Property Size1,680 SF
Lot Size0.29 Acres
Price / SF$282.74
Days on Market10
Property Features for 3821 E 18TH ST
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.29 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Maplewood
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,549
Building Details
Building Size
1,680 SF
Year Built
1942
Buildings
1
Stories
2
Listing Agency:
Premier Realty
Listed By:
Linda Hougan
(360) 600-6694
Source:
Eleeterealestate
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 25 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Realty
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Investment Insights
Based on property information with market context.
This 1942 duplex contains two residences totaling 1,680 square feet on a 0.29-acre corner parcel. Each 840-square-foot unit has a living room, kitchen, and laundry area on the main level, with two bedrooms and one bathroom upstairs. Refrigerators and stoves are included in both units. The residences are currently vacant.
Recent exterior work includes fiber cement siding, vinyl windows, gutters, and fresh paint.
Recent exterior work includes fiber cement siding, vinyl windows, gutters, and fresh paint.
Key Highlights
- Two‑unit property with 1,680 square feet total
- 0.29‑acre corner lot
- Each 840‑square‑foot residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,448
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,960
$449.0K
Cap Rate 7%
$320,686
$320.7K
Cap Rate 9%
$249,422
$249.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.7K $20.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$32.1K $19.09/SF
− OpEx
−$9.6K −$5.73/SF
NOI
$22.4K $13.36/SF
Area
Vancouver, WA
Vacancy
4.75%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,960
Cap Rate 7%
$320,686
Cap Rate 9%
$249,422
Alternative Uses
Best Use
Multifamily LT 5
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$411.0K
$359.7K – $479.6K
NOI $28,773 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two levels, with living areas and kitchens below and bedrooms and bathrooms upstairs.
Where is this duplex located?
The property is located at 3821 E 18TH ST Vancouver, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit property with 1,680 square feet total; 0.29‑acre corner lot; Each 840‑square‑foot residence has 2 bedrooms and 1 bathroom
